Canadian ETF Flows & Market Action | September 21-25, 2026

A recap of Canadian ETF flows, performance and market activity for September 21-25, 2026.

Edouard Caillieux
 · 9/25/2026
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According to data by Trackinsight, Canadian-listed ETFs recorded inflows across most major asset classes during the week ending September 25. Equity ETFs led with CA$4.07 billion, while fixed income products attracted CA$563.7 million.

Multi-asset ETFs added CA$259.2 million and commodities gathered CA$136.0 million. Cryptocurrency products recorded CA$34.0 million in inflows, while currency products saw CA$4.0 million in outflows.

Financials Lead Sector Flows as Technology Tops Performance

Financials attracted the largest sector inflow at CA$163.8 million, while Information Technology and Materials gathered CA$27.3 million and CA$26.1 million, respectively. Communication Services recorded the largest outflow at CA$86.0 million, followed by Energy at CA$25.2 million.

Performance was led by Information Technology, which gained 4.07%, while Health Care advanced 1.54%. Communication Services was the weakest sector, declining 4.59%.

Canadian ETFs Dominate Geographic Flows While Developed Pacific Leads Performance

Canada-focused ETFs accounted for the largest geographic inflow at CA$2.17 billion, followed by U.S. exposures at CA$743.6 million and Developed Markets at CA$572.1 million. World ETFs added CA$152.6 million and Emerging Markets gathered CA$94.3 million. India recorded the largest highlighted geographic outflow at CA$6.1 million.

On the performance side, Developed Pacific gained 2.47%, while Emerging Markets and U.S. exposures advanced 2.12% and 1.96%, respectively. Greater China was the weakest geographic exposure at -0.99%.

Disruptive Technology Leads Flows as AI and Biotech Top Thematic Performance

Disruptive Technology attracted the largest thematic inflow at CA$47.4 million, followed by Cryptocurrency at CA$34.0 million and Global Infrastructure at CA$16.4 million.

Digital Infrastructure & Connectivity recorded the largest thematic outflow at CA$38.5 million, while Artificial Intelligence & Big Data saw CA$34.8 million in outflows.

Despite those outflows, Artificial Intelligence & Big Data led thematic performance with a 5.43% gain, followed by BioTech & Genomics at 5.14% and Cryptocurrency at 4.53%.

Gold Dominates Commodity ETF Inflows

Gold accounted for the bulk of commodity flows, attracting CA$131.0 million. Multi Commodities added CA$4.7 million, while Natural Gas gathered CA$321,600. Flows elsewhere in the commodity segment were minimal.

Bitcoin Leads Cryptocurrency ETF Inflows

Bitcoin recorded the largest cryptocurrency inflow at CA$27.6 million, followed by XRP with CA$5.1 million and Multi-Cryptocurrency products with CA$2.2 million. Ether attracted CA$1.5 million, while Solana recorded CA$2.8 million in outflows.

Corporate and Aggregate Investment Grade Drive Fixed Income Flows

Corporate Investment Grade ETFs attracted CA$178.3 million, while Aggregate Investment Grade products added CA$139.4 million. Corporate High Yield ETFs gathered CA$85.8 million. Government Investment Grade products moved in the opposite direction, recording CA$27.4 million in outflows.

Top 10 ETF Issuers of the Week by Net Inflows

  1. iShares: CA$2.11 billion
  2. BMO: CA$637.4 million
  3. Vanguard: CA$609.9 million
  4. Fidelity: CA$499.9 million
  5. TD Asset Management: CA$301.4 million
  6. Mackenzie Investments: CA$219.4 million
  7. CIBC: CA$140.4 million
  8. Desjardins Investments: CA$124.9 million
  9. CI: CA$86.4 million
  10. Manulife Investments: CA$78.6 million

Top 10 Most Popular ETFs of the Week by Net Inflows

  1. iShares Core S&P/TSX Capped Composite Index ETF (XIC): CA$1.49 billion
  2. BMO S&P 500 Index ETF (ZSP): CA$286.2 million
  3. BMO Equal Weight Banks Index ETF (ZEB): CA$192.8 million
  4. iShares Core MSCI EAFE IMI Index ETF (XEF): CA$182.3 million
  5. iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP): CA$128.6 million
  6. Vanguard All-Equity ETF Portfolio (VEQT): CA$111.4 million
  7. Vanguard FTSE Canada All Cap Index ETF (VCN): CA$100.6 million
  8. BMO MSCI EAFE Index ETF (ZEA): CA$79.4 million
  9. Accelerate Diversified Credit Income Fund (INCM): CA$74.3 million
  10. iShares Canadian Universe Bond Index ETF (XBB): CA$73.8 million

Top 10 Performing Equity ETFs

  1. iShares Semiconductor Index ETF (XCHP): +8.38%
  2. iShares S&P/TSX Capped Information Technology Index ETF (XIT): +6.63%
  3. Global X Artificial Intelligence Semiconductor Index ETF (CHPS): +6.52%
  4. CI Global Artificial Intelligence ETF (CIAI): +5.43%
  5. TD Global Technology Innovators Index ETF (TECI): +5.37%
  6. iShares Genomics Immunology and Healthcare Index ETF (XDNA): +5.14%
  7. Guardian i3 AI Technology and Innovation Fund ETF (GIAI): +5.09%
  8. Purpose Global Innovators Fund ETF (PINV): +5.02%
  9. BMO Global Innovators Fund Active ETF Series (ZGIN): +4.77%
  10. BMO SPDR Technology Select Sector Index ETF - Series ETF (ZXLK): +4.77%

This article was prepared on September 25, 2026 using Trackinsight ETF data. It is for informational purposes only and does not constitute investment advice. Please consult a registered financial professional before making any investment decision.

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